Tax Drill - Treatment of Real Estate Activities Complete the following statements regarding the treatment...

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Tax Drill - Treatment of Real Estate Activities Complete the following statements regarding the treatment of real estate activities. Losses from real estate rental activities are not treated as passive losses for certain real estate professionals. To qualify for nonpassive treatment, a taxpayer must satisfy of the following requirements: of the personal services that the taxpayer performs in trades or businesses are performed in real property trades or businesses in which the taxpayer materially participates. The taxpayer performs more than hours of services in these real property trades or businesses as a material participant.
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Tax Drill - Treatment of Real Estate Activities Complete the following statements regarding the treatment of real estate activities. Losses from real estate rental activities are not treated as passive losses for certain real estate professionais. To qualify for nonpassive treatment, a taxpayer must satisfy of the following requirements: of the personal services that the taxpayer performs in trades or businesses are performed in real property trades or businesses in which the taxpayer materially participates. - The taxpayer performs more than participant. hours of services in these real property trades or businesses as a material

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